China’s B2B e-commerce exceeded US$3 trillion transaction in 2017

The transactions of B2B E-Commerce market in China reached 20.5 trillion yuan (US$3.07 trillion) in 2017, an increase of 22.75% year-on-year. The total revenues of B2B market in China reached US$5.24 billion, led by Alibaba and HC360.

B2B E-Commerce revenues went up by 34.6% year-on-year to 35 billion yuan (US$5.24 bn) in 2017.

Within this market, Alibaba took the largest share of 36.7%, followed by HC 360.com (10.5%) and GlobalSources.com (4.2%).